BuzzFeed Unloads Complex, CEO Jonah Peretti To Focus On A.I.
BuzzFeed sold Complex to NTWRK for $109 million, which will help BuzzFeed to become more innovative, according to CEO Jonah Peretti.
Source: observer.com
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BuzzFeed sold Complex to NTWRK for $109 million, which will help BuzzFeed to become more innovative, according to CEO Jonah Peretti.
Complex has been acquired by NTWRK with Investment from Universal Music, which joins as a strategic partner.
BuzzFeed sold Complex to Ntwrk for $108.6 million and said it will lay off another 16% of BuzzFeed's remaining staffers.
Growing commerce platform Ntwrk has acquired Complex from BuzzFeed for $108.6 million in an all-cash deal on Wednesday.
The 2010s digital media boom continues to unwind.